It is almost the weekend. Here, curated by Chief of Staff Asia, are some of the most interesting insights and reporting pieces we’ve seen this past week.
Layoffs At Tech Giants Impacting Recruiting Practices
Forbes
Twitter, Spotify, Amazon and Meta are amongst the companies that announced lay-offs last year. Microsoft followed soon after, set to relieve around 10,000 employees before the third quarter of 2023. Forbes contributor Rod Berger interviews Allohire CEO and founder Hudson Brock on what this recent slew of firings, preceded by a hiring surge a few years back, could mean for recruiting practices moving forward.
ChatGPT isn’t coming. It’s here
CNN
AI tool ChatGPT can turn prompts into full essays, stories, and even work emails, based on training from massive online datasets. Critics are quick to point out that ChatGPT often makes obvious mistakes, and some fear that this would put artists and writers out of a job. However, it seems like its set to take the business world by storm, as many C-suite leaders have found themselves captivated after trying the tool out for themselves.
Retirements and short work weeks explain America’s labour shortage
The Economist
The US is faced with a strange predicament: the supply of workers has returned to pre-pandemic levels, but companies are still struggling to hire. Several tend to blame this on the trend of “quiet quitting” amongst younger workers. But research showed that most quiet-quitters are not employed in basic service jobs, which has the biggest labour shortage. Illness and retirement, on the other hand, may be the cause of this shortfall.
